A "best practice"
A) is a technique for performing an activity or business process that at least one company has demonstrated works particularly well in terms of delivering some highly positive operating outcome.
B) refers to the best-known procedure for performing a specific task or activity so as to achieve the lowest possible costs.
C) refers to performing activities in a manner that conforms to established industry standards.
D) refers to a company's core competence.
E) refers to performing a particular value chain activity in "world-class" fashion (one unmatched by any other company in the world).

Question

Quizplus · Accepted Answer

A best practice is a technique or process that has been proven to work well and deliver positive outcomes by at least one company. It is a generally accepted way of performing an activity or business process with superior results compared to other methods.

A "Best Practice